Food and beverage packaging industry is gaining pace rapidly with the constant and increasing demand in the food and drink segments. A recent analysis by Visiongain suggested that the global food and packaging market will attain a value of $329 billion in the year 2012. The analysis also discusses various trends such as environmental awareness, increasingly busy lifestyle and gentrifying societies as driving factors for the food and packaging industry.
The report further mentions that food packaging markets are expected to grow exponentially in the emerging markets of the developing countries while the same are expected to maintain the current growth in the developed markets. The report further mentions that the expected growth is due to the ever increasing demand in the food and drinks packaging industry. Drink packaging is expected to be benefited from the increasing per capita income levels in the developing economies but may lag in the developed regions if consumers’ confidences are further shaken by the discouraging improvement in the euro-area crisis.
India, in the recent years has seen a steep rise in the demand of food and beverages packaging industry. According to a recent analysis conducted by German Engineering Federation (VDMA) the industry in India is likely to reach a turnover of about 15 billion euros by the year 2015. The country is soon to become the second most important market for suppliers in beverage and food packaging industry after China as per the analysis. At present there is a huge demand for flexible packaging in the country both domestically and internationally. Owing to the growing demands clubbed with the favorable economic policies for Foreign Direct Investments (FDI), India has opened up increasingly to the international market. Amongst the prominent and emerging companies in this sector, the role of UFlex Ltd is worth mentioning. With its innovative and eco friendly approaches, UFlex has been significantly contributing towards the packaging sector with its value added flexible packaging material thereby providing world class flexible packaging solutions to its customers in both the domestic and international market at competitive prices capturing a huge portion of the surging demand. With robust expansion plans UFlex has recently made significant investments in Egypt, Poland, Kentucky, USA and has further plans of international investments soon.
